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Franklin Town 02038
20 (lot 4) Mulberry Ln
$244,000
● Land - Off Market

20 (lot 4) Mulberry Ln

Franklin, MA 02038
bedrooms
Studio
bathrooms
0 Bath
$487,371
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

Premier home site located at the end of Mulberry Lane Cul-De-Sac in LONGWALK ESTATES!! Owner purchased lot for dream home, but has been relocated out of state. Absolute pristine setting for home set gently above the road. List price includes Owners Dream Home plans. Abuts Town owned Land which currently has extensive cart paths connecting to other neighborhoods. Town Water, Town Sewer & Natural Gas are available. Lot is directly across from 19 Mulberry Lane (Tan house/black shutters).
Unit Size
-
Days on Market
-
Land Size
0.92 acres
Price per sqft
-
Property Type
Land
Property Taxes
$228
HOA Dues
-
Year Built
2014

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (MLSPIN #71583299)

Price History

Date / Event Date Event Price
Oct 11, 2013 Sold
Premium
Sold
Sep 13, 2013 Listed by Whitin Woods Realty $250,000
Listed by Whitin Woods Realty
May 26, 2010 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,436
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,088
  • Total Building Area: 5,300
  • Gross Building Area: 12,504
  • Building Area: 5,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,300
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LONGWALK ESTATES
  • Land Acres: 0000000920
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Franklin School District
  • Census Tract: 442103

Geography

  • Account Number: 119-031-04
  • Parcel: FRAN M:229 L:044
  • Lot: 44
  • Municipality: FRANKLIN
  • Latitude: 42.1152
  • Longitude: -71.3825

    Address

  • Full Address: 20 Mulberry Ln
  • Address - House Number: 20
  • Address - Street Name: Mulberry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Franklin
  • Carrier Code: R002
  • 4-Digit Zip Code: 1186
  • Zip Code: 02038

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,757,400

    Appraisal Valuation

  • Standard Deviation: 0.1257
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 86
  • Final Value: 1,715,623
  • High Value: 1,931,388
  • Low Value: 1,499,858

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,490,600
  • Assessed Land Value: $366,000
  • Assessed Improvements Value: $1,124,600

    Sales

  • Current Sale Recording Date: Oct 11, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000012
  • Previous Sale Recording Date: May 26, 2010
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Franklin Town

Stats & Trends

Median Asking:

$689,000

Sale Price/ft²

$333

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2094 ft²

Average Home Age

47.7 years

Currently For Sale

66 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71583299

Frequently Asked Questions

When was property at 20 Mulberry Lane built and last sold?
The property at 20 Mulberry Lane was built in 2014 and last sold on Jan 1, 1970 for $244,000.
How much is this home worth?
The estimated value of the home located at 20 Mulberry Lane is $252,500.
What are some comparable homes to 20 Mulberry Lane?
There are currently no comparable homes to 20 Mulberry Lane.
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